Guizhou Aviation Technical Development Co Ltd
Guizhou Aviation Technical Development Co., Ltd researches, develops, manufactures, and sells ring forgings in China. The company offers aerospace engine ring forgings. Its products used in aerospace rocket engines, missiles, ship-borne gas turbines, industrial gas turbines, energy, and other high-end equipment fields. Guizhou Aviation Technical Development Co., Ltd was founded in 2006 and is bas… Read more
Guizhou Aviation Technical Development Co Ltd (688239) - Net Assets
Latest net assets as of September 2025: CN¥1.98 Billion CNY
Based on the latest financial reports, Guizhou Aviation Technical Development Co Ltd (688239) has net assets worth CN¥1.98 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.70 Billion) and total liabilities (CN¥2.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.98 Billion |
| % of Total Assets | 42.14% |
| Annual Growth Rate | 19.03% |
| 5-Year Change | 235.89% |
| 10-Year Change | 391.86% |
| Growth Volatility | 24.84 |
Guizhou Aviation Technical Development Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Guizhou Aviation Technical Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guizhou Aviation Technical Development Co Ltd (2013–2024)
The table below shows the annual net assets of Guizhou Aviation Technical Development Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.86 Billion | +9.08% |
| 2023-12-31 | CN¥1.70 Billion | +36.57% |
| 2022-12-31 | CN¥1.25 Billion | +19.82% |
| 2021-12-31 | CN¥1.04 Billion | +88.20% |
| 2020-12-31 | CN¥552.82 Million | +15.14% |
| 2019-12-31 | CN¥480.13 Million | +12.64% |
| 2018-12-31 | CN¥426.26 Million | +6.07% |
| 2017-12-31 | CN¥401.85 Million | +22.58% |
| 2016-12-31 | CN¥327.83 Million | -13.16% |
| 2015-12-31 | CN¥377.52 Million | +4.63% |
| 2014-12-31 | CN¥360.83 Million | +32.03% |
| 2013-12-31 | CN¥273.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guizhou Aviation Technical Development Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 660.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥572.43 Million | 31.21% |
| Common Stock | CN¥147.79 Million | 8.06% |
| Other Comprehensive Income | CN¥-13.99 Million | -0.76% |
| Other Components | CN¥1.13 Billion | 61.50% |
| Total Equity | CN¥1.83 Billion | 100.00% |
Guizhou Aviation Technical Development Co Ltd Competitors by Market Cap
The table below lists competitors of Guizhou Aviation Technical Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CONMED Corporation
NYSE:CNMD
|
$1.14 Billion |
|
Guosheng Financial Holding Inc
SHE:002670
|
$1.14 Billion |
|
Hyulim ROBOT Co.Ltd
KQ:090710
|
$1.14 Billion |
|
Dorchester Minerals LP
NASDAQ:DMLP
|
$1.14 Billion |
|
MRC Global Inc
NYSE:MRC
|
$1.14 Billion |
|
Weimob Inc
PINK:WEMXF
|
$1.14 Billion |
|
Shanghai Moons' Elec Co Ltd
SHG:603728
|
$1.14 Billion |
|
Global Business Travel Group Inc
NYSE:GBTG
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guizhou Aviation Technical Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,687,419,153 to 1,834,202,898, a change of 146,783,745 (8.7%).
- Net income of 188,609,121 contributed positively to equity growth.
- Dividend payments of 57,885,131 reduced retained earnings.
- Share repurchases of 29,677,635 reduced equity.
- Other comprehensive income decreased equity by 14,587,859.
- Other factors increased equity by 60,325,249.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥188.61 Million | +10.28% |
| Dividends Paid | CN¥57.89 Million | -3.16% |
| Share Repurchases | CN¥29.68 Million | -1.62% |
| Other Comprehensive Income | CN¥-14.59 Million | -0.8% |
| Other Changes | CN¥60.33 Million | +3.29% |
| Total Change | CN¥- | 8.70% |
Book Value vs Market Value Analysis
This analysis compares Guizhou Aviation Technical Development Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.93x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.85x to 4.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥3.87 | CN¥61.35 | x |
| 2014-12-31 | CN¥4.54 | CN¥61.35 | x |
| 2015-12-31 | CN¥4.42 | CN¥61.35 | x |
| 2016-12-31 | CN¥3.83 | CN¥61.35 | x |
| 2017-12-31 | CN¥4.29 | CN¥61.35 | x |
| 2018-12-31 | CN¥4.02 | CN¥61.35 | x |
| 2019-12-31 | CN¥4.58 | CN¥61.35 | x |
| 2020-12-31 | CN¥5.27 | CN¥61.35 | x |
| 2021-12-31 | CN¥7.43 | CN¥61.35 | x |
| 2022-12-31 | CN¥8.90 | CN¥61.35 | x |
| 2023-12-31 | CN¥11.73 | CN¥61.35 | x |
| 2024-12-31 | CN¥12.45 | CN¥61.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guizhou Aviation Technical Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.28%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.45%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.34x
- Recent ROE (10.28%) is above the historical average (6.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.66% | 17.30% | 0.39x | 1.88x | CN¥7.27 Million |
| 2014 | 2.64% | 4.83% | 0.35x | 1.57x | CN¥-26.54 Million |
| 2015 | -1.58% | -2.92% | 0.36x | 1.49x | CN¥-43.73 Million |
| 2016 | -15.16% | -31.83% | 0.30x | 1.59x | CN¥-82.48 Million |
| 2017 | -4.43% | -7.90% | 0.34x | 1.63x | CN¥-58.00 Million |
| 2018 | 5.73% | 7.34% | 0.39x | 1.98x | CN¥-18.22 Million |
| 2019 | 11.22% | 9.15% | 0.51x | 2.38x | CN¥5.85 Million |
| 2020 | 13.15% | 10.84% | 0.47x | 2.58x | CN¥17.41 Million |
| 2021 | 13.35% | 14.48% | 0.44x | 2.11x | CN¥34.90 Million |
| 2022 | 14.71% | 12.61% | 0.49x | 2.40x | CN¥58.71 Million |
| 2023 | 11.00% | 8.82% | 0.62x | 2.02x | CN¥16.84 Million |
| 2024 | 10.28% | 10.45% | 0.42x | 2.34x | CN¥5.19 Million |
Industry Comparison
This section compares Guizhou Aviation Technical Development Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,905,739,972
- Average return on equity (ROE) among peers: 11.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guizhou Aviation Technical Development Co Ltd (688239) | CN¥1.98 Billion | 12.66% | 1.37x | $1.14 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $102.23 Million | 20.95% | 1.61x | $576.57 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $5.67 Billion | 4.58% | 0.28x | $1.93 Billion |
| Zhejiang XiaSha Precision (001316) | $476.25 Million | 27.15% | 0.22x | $218.15 Million |
| Sichuan Haite High-tech Co Ltd (002023) | $175.19 Million | 19.07% | 0.67x | $850.82 Million |
| Aerospace CH UAV Co Ltd (002389) | $6.37 Billion | 3.80% | 0.25x | $1.81 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.62 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.43 Billion | -4.03% | 0.22x | $429.19 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $833.21 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $421.86 Million | 7.68% | 1.25x | $416.06 Million |
| Bestway Marine & Energy Technology Co Ltd (300008) | $2.90 Billion | 5.59% | 0.31x | $1.63 Billion |